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Orion Group Holdings Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, February 28, 2024

White oak, Pearl Harbor, Sale, Conference, Concrete, Orion, Central Time

HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023.

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HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023.
Fourth-quarter 2023 adjusted EBITDA was $14.8 million or a 7.3% adjusted EBITDA margin--a significant year-over-year improvement from fourth quarter 2022 adjusted EBITDA of $3.2 million or an adjusted EBITDA margin of 1.6%,” said Travis Boone, CEO of Orion Group Holdings.
EBITDA for the fourth quarter of 2023 was $6.5 million, representing a 3.2% EBITDA margin, as compared to EBITDA of $2.2 million, or a 1.1% EBITDA margin in the fourth quarter last year.
Orion Group Holdings will host a conference call to discuss results for the fourth quarter and full year 2023 at 9:00 a.m. Eastern Time/8:00 a.m. Central Time on Thursday, February 29, 2024.

White Oak Landscape Announces Gift Donation to Clark’s Christmas Kids

Retrieved on:

Monday, February 5, 2024

Plant, Family, Heart, White oak, Child, Dream, Water, White, Sales

White Oak Landscape , a residential and commercial landscape firm providing award-winning landscape design and installation, landscape lighting, irrigation systems, retaining walls, hardscapes, water features, and stonework to beautify outdoor spaces in Atlanta, Buckhead, Vinings, Kennesaw, and Marietta, is proud to announce its recent donation to the annual charity organization Clark’s Christmas Kids.

Key Points:

White Oak Landscape , a residential and commercial landscape firm providing award-winning landscape design and installation, landscape lighting, irrigation systems, retaining walls, hardscapes, water features, and stonework to beautify outdoor spaces in Atlanta, Buckhead, Vinings, Kennesaw, and Marietta, is proud to announce its recent donation to the annual charity organization Clark’s Christmas Kids.
Running for 33 years, Clark’s Christmas Kids’ mission is to ensure every child in the Georgia foster care system has at least one gift on Christmas day.
Committed to helping its local community, White Oak Landscape joined a number of other prominent Atlanta businesses to reach a total of 22,000 gifts, enabling over 7 thousand children to wake up to 3 presents on Christmas morning.
Additionally, once the landscape design and installation are complete, White Oak Landscape offers professional landscape maintenance, from leaf removal and grass cutting, sprinkler system and irrigation, maintenance, and servicing to keep a landscape looking good and plants healthy in every season.

White Oak Commercial Finance Provides $25 Million Senior Facility to Winter Apparel Company

Retrieved on:

Wednesday, January 10, 2024

Professional Services, Finance, Senior, Snow, White oak, Research, ABL, Partnership, White, Telecommunications, Growth

White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, (“White Oak”) has closed a $25 million Senior Secured Facility (“Facility”) to a leading cold weather apparel supplier, engaged in the production and distribution of snow pants, jackets, base layers, and accessories.

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White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, (“White Oak”) has closed a $25 million Senior Secured Facility (“Facility”) to a leading cold weather apparel supplier, engaged in the production and distribution of snow pants, jackets, base layers, and accessories.
In 2023, WOCF and other White Oak affiliates funded over $600 million in Asset Based Loans to companies ranging from textile manufacturers to telecommunications providers.
The breadth of White Oak and its affiliates’ capabilities stems from its broad research and talent pool that identifies lending opportunities for exceptional companies.
In a year partially defined by decreased access to liquidity and traditional lender retrenching, White Oak and its affiliates helped provide companies with working capital and flexible financing solutions.

Alliance Entertainment Announces Closing of New 3-Year $120 Million Senior Secured Credit Facility

Retrieved on:

Thursday, December 21, 2023

Music, Bank, CFO, White oak, Electronics, Revolver, Bank of America, Video, Alliance Films, Investment

PLANTATION, Fla., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, today announced the closing of a new 3-year $120 million senior secured asset based credit facility with White Oak Commercial Finance, LLC.

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PLANTATION, Fla., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, today announced the closing of a new 3-year $120 million senior secured asset based credit facility with White Oak Commercial Finance, LLC.
This credit facility replaces the Company’s revolver with Bank of America.
The new credit facility includes a $120 million asset based revolving credit facility (the “Revolver”).
We are delighted to have the support of White Oak, which shares our long-term vision for Alliance Entertainment with a focus on strategy, operational execution, and financial prudence."

MDWerks Acquires Two Trees Beverage Company

Retrieved on:

Tuesday, December 12, 2023

MDWerks, Inc. (“MDWK” or the “Company”) (OTC: MDWK), a forward-thinking company leading the charge in the world of sustainable technology, today announced that it has acquired Two Trees Beverage Company (“Two Trees”), an award-winning fine spirits company with a disruptive, proprietary, and proven liquid maturation technology that accelerates the natural aging process that happens when alcohol is aged in wooden barrels over time.

Key Points:

MDWerks, Inc. (“MDWK” or the “Company”) (OTC: MDWK), a forward-thinking company leading the charge in the world of sustainable technology, today announced that it has acquired Two Trees Beverage Company (“Two Trees”), an award-winning fine spirits company with a disruptive, proprietary, and proven liquid maturation technology that accelerates the natural aging process that happens when alcohol is aged in wooden barrels over time.
Steven Laker, CEO of MDWK, commented, “We've closely followed Two Trees’ innovative journey in the beverage industry over the past few years.
We believe that the technological foundation at Two Trees will be the catalyst for a revolution in beverage production and become the centerpiece of the Company’s growth strategy.
Two Trees’ approved patents, patents pending, and proprietary processes have broader implications for the food and beverage industry.

White Oak Originations Veteran Joins White Oak Commercial Finance with Focus on Large Ticket Loan Origination

Retrieved on:

Tuesday, December 5, 2023

Consulting, Banking, Professional Services, Finance, ABL, Asset-based lending, Senior, Bank, White, Term loan, Division, Textron, White oak

White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, announced today that Christopher Gouskos will join the ABL team at White Oak Commercial Finance as a Managing Director, Originations, departing from his previous similar role as Managing Director, Originations at White Oak Global Advisors (“White Oak”), which he has held since 2015.

Key Points:

White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, announced today that Christopher Gouskos will join the ABL team at White Oak Commercial Finance as a Managing Director, Originations, departing from his previous similar role as Managing Director, Originations at White Oak Global Advisors (“White Oak”), which he has held since 2015.
For the past eight years at White Oak, Gouskos was responsible for origination cash flow and enterprise value base Term Loans.
In response to increased investor appetite for ABL and increased activity in White Oak Commercial Finance’s ABL business, Gouskos will join WOCF’s dedicated ABL team to continue the development of successful loan originations and increase the business’s footprint in the broader ABL space, with a particular focus on large ticket asset-based lending opportunities.
“We are thrilled to welcome Christopher to the ABL team,” said Tom Otte, CEO of White Oak Commercial Finance.

The AZEK® Company Unveils New Product Innovations for 2024, Expanding its Industry-Leading Outdoor Living and Home Exteriors Portfolio

Retrieved on:

Friday, November 17, 2023

The new products are already available in some geographic markets and will be broadly and commercially available starting in 2024.

Key Points:

The new products are already available in some geographic markets and will be broadly and commercially available starting in 2024.
“We are strengthening our already strong position with pro contractors and supporting homeowners in every step of their journey to create beautiful, low-maintenance and sustainable outdoor living spaces.
Homeowners get a solid deck substructure that will not split, rot or decay, meaning a long life and 25-year limited product warranty.
The TimberTech Invite Collection of outdoor furniture has a new member, and it is sure to become an instant classic.

Maker's Mark® Bourbon Advances its Pursuit of Flavor Through Nature With the Filling of its First Certified Regenified Barrel

Retrieved on:

Wednesday, November 29, 2023

Maker, Research, Love, B Corporation (certification), Maker's Mark, Ecosystem, Grain, Farmer, Health, Partnership, Water, White oak, Soil, Certification, Environment, Liquor, Agriculture

LORETTO, Ky., Nov. 29, 2023 /PRNewswire/ -- Maker's Mark, the iconic handmade Kentucky bourbon, is proud to announce the filling of its first Certified Regenified barrel of Maker's Mark whisky. It becomes the first spirits distillate to achieve this certification designated by Regenified, a leading third-party regenerative agricultural verification and supply chain-solution company. With this certification, the brand continues on its long-term mission to cultivate bourbon that betters the world, while crafting the most flavorful product possible.

Key Points:

LORETTO, Ky., Nov. 29, 2023 /PRNewswire/ -- Maker's Mark, the iconic handmade Kentucky bourbon, is proud to announce the filling of its first Certified Regenified barrel of Maker's Mark whisky.
It becomes the first spirits distillate to achieve this certification designated by Regenified, a leading third-party regenerative agricultural verification and supply chain-solution company.
With this certification, the brand continues on its long-term mission to cultivate bourbon that betters the world, while crafting the most flavorful product possible.
It's a proud moment to have our efforts, together, validated and recognized by an organization like Regenified."

Ancho Reyes Launches "Ancho Reyes Barrica", First-Ever Barrel-Aged Chile Liqueur

Retrieved on:

Thursday, November 16, 2023

Glass, Vanilla, Ageing, Active ingredient, Ancho Reyes, Copper, Smoke, System, Friends, Dulce de leche, Campari Group, White oak, Agave, Family, Liquor, Poblano

PUEBLA, Mexico, Nov. 16, 2023 /PRNewswire/ -- Ancho Reyes, the handcrafted chile poblano liqueur, proudly introduces Ancho Reyes Barrica, the newest addition to its award-winning portfolio. Barrica represents a significant milestone for the brand – the first-ever barrel-aged chile liqueur and the first new offering from the Ancho Reyes portfolio since the successful release of Ancho Reyes Verde in 2017.

Key Points:

Barrica represents a significant milestone for the brand – the first-ever barrel-aged chile liqueur and the first new offering from the Ancho Reyes portfolio since the successful release of Ancho Reyes Verde in 2017.
Crafted with utmost care and precision, Ancho Reyes Barrica is a refined expression of the beloved Ancho Reyes Original liqueur, now with the introduction of ex-bourbon barrel aging for added richness, depth and complexity.
The journey of Ancho Reyes Barrica begins with the finest poblano chiles, grown in the volcanic soil of Puebla, Mexico.
Ancho Reyes Barrica builds upon the robust flavors of the Ancho Reyes Original, which was inspired by an original 1920's menjurje recipe.

84 Lumber Welcomes 2023 U.S. Capitol Christmas Tree to Morgantown, West Virginia on its way to Washington, D.C.

Retrieved on:

Wednesday, November 15, 2023

EIGHTY FOUR, Pa., Nov. 15, 2023 /PRNewswire/ -- Christmas came early this year as 84 Lumber, the nation's largest privately held building materials supplier, along with the company's leadership team, store associates, customers, vendor partners and national, state, and local dignitaries, welcomed the U.S. Capitol Christmas Tree to Morgantown, West Virginia. This is the second year 84 Lumber has been the presenting sponsor of what affectionately is known as "The People's Tree."

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The U.S. Capitol Christmas Tree program creates the opportunity to spotlight public lands with billions of trees across diverse ecosystems.
84 Lumber hosted a special stopover for the tree at its newly expanded location in Morgantown, West Virginia, on Earl L Core Road.
"84 Lumber is proud to sponsor the U.S. Capitol Christmas Tree that brings so many people joy throughout the holidays," said 84 Lumber's owner and CEO, Maggie Hardy.
Joining 84 Lumber in welcoming the U.S. Capitol Christmas Tree to Morgantown were officials from national, state, and local government, with representatives from West Virginia Governor Jim Justice's office.